Pace, a developer of technology for PayTV and broadband, said adjusted earnings before interest, tax, and amortisation (EBITA) totalled at least $190m for the period, up from $158.1m in 2012, on revenue of $2.46bn, which was up 2.4% on the $2.40bn delivered the previous year.

Going the other way, telecoms testing provider Spirent lost ground after it delivered fourth-quarter sales at the bottom end of guidance, as slower US demand counterbalanced a strengthening in Asia and Europe.

However analysts at Jefferies said "Spirent's woes look set to continue into 2014" as networking and applications (N&A) issues add to those in wireless and spending rises more than expected, "meaning profits are flat this year".

Bookmaker Ladbrokes fell after being downgraded by Barclays Capital to 'underweight' on Thursday, following JPMorgan reiterating its own 'underweight' rating the day before.

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